caa a22 4500 606165770 CHVBK 20210128100655.0 cr unu---uuuuu 210128e20150501xx s 000 0 eng 10.1007/s00168-015-0688-7 doi (NATIONALLICENCE)springer-10.1007/s00168-015-0688-7 The distance decay of willingness to pay and the spatial distribution of benefits and costs for the ecological restoration of an urban branch stream in Ulsan, South Korea [Elektronische Daten] [Jae Kim, Seung-Nam Kim, Soogwan Doh] This study investigates the spatial distribution of economic benefits and costs of an ecological restoration project for an urban branch stream, namely Yeocheon-Cheon in Nam-Gu, Ulsan metropolitan city, South Korea. A contingent valuation method with the one and one-half bounded dichotomous choice model was applied, and a spike model was employed to address zero-WTP responses. First, benefits of the project were not limited to the project site jurisdiction (Nam-Gu) but extended to the whole metropolitan city. Second, the significant negative coefficient of the distance variable indicates the distance decay of WTP for the project. Third, respondents who visited the site showed a significantly higher willingness to pay for the project. Finally, the project was economically profitable and socially desirable from the benefit-cost perspective. However, the cost allocation between jurisdictions was fiscally nonequivalent in terms of the spatial benefit distribution. Springer-Verlag Berlin Heidelberg, 2015 Kim Jae College of Social Sciences, University of Ulsan, P.O. Box 18, 680-749, Ulsan, South Korea aut Kim Seung-Nam Architecture and Urban Research Institute, B-301, Acrotower Office, 230 Simin-daero, Dongan-gu, 431-908, Anyang-si, Gyeonggi-do, South Korea aut Doh Soogwan Department of Public Administration, Catholic University of Daegu, 330 Geumrak-ri, Hayang-eup, 712-702, Gyeongsan-si, Gyeongbuk, South Korea aut The Annals of Regional Science Springer Berlin Heidelberg 54/3(2015-05-01), 835-853 0570-1864 54:3<835 2015 54 168 https://doi.org/10.1007/s00168-015-0688-7 text/html Onlinezugriff via DOI BK010053 XK010053 XK010000 Metadata rights reserved Springer special CC-BY-NC licence nationallicence 1 research-article jats NATIONALLICENCE NATIONALLICENCE NL-springer NATIONALLICENCE 856 40 https://doi.org/10.1007/s00168-015-0688-7 text/html Onlinezugriff via DOI NATIONALLICENCE 700 1- Kim Jae College of Social Sciences, University of Ulsan, P.O. Box 18, 680-749, Ulsan, South Korea aut NATIONALLICENCE 700 1- Kim Seung-Nam Architecture and Urban Research Institute, B-301, Acrotower Office, 230 Simin-daero, Dongan-gu, 431-908, Anyang-si, Gyeonggi-do, South Korea aut NATIONALLICENCE 700 1- Doh Soogwan Department of Public Administration, Catholic University of Daegu, 330 Geumrak-ri, Hayang-eup, 712-702, Gyeongsan-si, Gyeongbuk, South Korea aut NATIONALLICENCE 773 0- The Annals of Regional Science Springer Berlin Heidelberg 54/3(2015-05-01), 835-853 0570-1864 54:3<835 2015 54 168